The CAC 40 closes lower, but has bounced from support of a 5 day trading range.
USD/JPY ATR (5) is at its lowest levels of 2016. However, below the surface, expected fluctuations in USD/JPY are rising fast.
After trading to weekly lows, Crude Oil prices find temporary support at $46.41.
Silver short-term trend remains lower, but be mindful of long-term support zone.
UK index falling back into support, lack of momentum so far constructive.
Silver takes out key support, trend remains lower but need to be mindful of long-term support zone.
The DAX declines into support zone, but finds sponsorship.
All is quiet on the COT front as the dog days of August come to an end. The exception is the trend towards speculative selling in the British Pound. The ownership profile reached a record for a 4th consecutive week.
Gold prices continue to hold their 2016 gains but with the Jackson Hole Economic Symposium just a few days away, prices may be in for a deeper retracement in the near-term.
For the past month, DJIA has traded in a fairly tight range between 18,250 and 18,665. The Fed rate hike expectations linger near 51% for December 2016.
The price of Gold continues to range, as the commodity fails to breakout from critical support at $1,335.00.
In his weekly webinar, Jamie Saettele takes you through the USD majors. He sees USD/CHF at a MAJOR juncture and touches on the idea of various currencies 'passing the baton' during the coming USD downtrend.
The US Dollar has lost ground to its Canadian counterpart for 9 consecutive days marking the USD/CAD’s longest losing streak since January 2011.
Copper is still basing and testing an important near term level as support. Is this the next market to break out?
AUDJPY continues to trade within a bearish formation ahead of Aussie jobs data tonight. Here are the updated targets & invalidation levels that matter into the releases.
WTI Crude Oil (CFD: US Oil) Halted a 10%+ 4-Day Rally After Reports of Increased Production Out Of The Kingdom While Inventories Provide Hope.